Canada Pension Plan Investment Board Has $337.54 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Canada Pension Plan Investment Board raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 198.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,207,368 shares of the asset manager’s stock after buying an additional 2,133,290 shares during the period. Canada Pension Plan Investment Board owned about 0.36% of KKR & Co. Inc. worth $337,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co bought a new position in KKR & Co. Inc. in the 1st quarter worth approximately $27,000. Versant Capital Management Inc raised its position in KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. raised its position in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. American National Bank raised its position in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. Barclays boosted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. TD Cowen boosted their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company started coverage on shares of KKR & Co. Inc. in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.27.

KKR & Co. Inc. Stock Up 2.7 %

KKR & Co. Inc. stock opened at $132.75 on Friday. The company has a 50 day moving average of $118.41 and a 200-day moving average of $107.51. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $133.84. The stock has a market capitalization of $117.80 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $0.58 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.